General Mills(NYSE) GIS

General Mills makes food for people and their pets. The company sells snacks, cereal, and meals in many countries. Its brands help families eat quickly and easily every day.

What's in the Pantry?

• North America Retail: Cereal, snacks, and meals sold in grocery stores; accounts for 57% of net sales.
• International: Food and ice cream sales outside the US and Canada; represents 17% of net sales.
• North America Pet: High-quality natural food and treats for pets; makes up 14% of net sales.
• North America Foodservice: Branded food sold to restaurants and commercial bakeries; comprises 12% of net sales.

Fresh Deals and New Directions

• Completed the sale of the North American yogurt business in fiscal 2026.
• Acquired Whitebridge Pet Brands in fiscal 2025 to increase its pet food presence.
• Signed an agreement to divest business operations located in Brazil during fiscal 2026.
• Established the Cereal Partners Worldwide joint venture with Nestlé to market cereal globally.

A Global Food Network

The company manages more than 100 brands across six continents. It uses an efficient supply chain and deep consumer insights to maintain its competitive position.

The Fiscal 2026 Scorecard

• Net sales were $18.4 billion in fiscal 2026, down 5% year-over-year.
• Operating profit was $886 million in fiscal 2026, down 73% year-over-year.
• Adjusted operating profit was $2.8 billion in fiscal 2026, down 16% on a constant-currency basis.
• Net loss attributable to the company was $88 million in fiscal 2026, down 104% year-over-year.

Bottom Line

General Mills is reshaping its portfolio by selling established businesses and acquiring brands in categories with growth potential. This strategy balances its traditional cereal lines with modern consumer preferences.